BlackRock Taxable Municipal Bond Trust
BBN
122 hedge funds and large institutions have $285M invested in BlackRock Taxable Municipal Bond Trust in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 36 reducing their positions, and 14 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
19% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 36
3.47% more ownership
Funds ownership: 28.31% → 31.79% (+3.5%)
3% more capital invested
Capital invested by funds: $278M → $285M (+$7.17M)
2% less funds holding
Funds holding: 125 → 122 (-3)
14% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$22.5M |
| 2 |
M&T Bank
Buffalo,
New York
|
+$13.3M |
| 3 |
EBWM
Eagle Bluffs Wealth Management
Columbia,
Missouri
|
+$5.26M |
| 4 |
Morgan Stanley
New York
|
+$4.21M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$3.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$5.3M |
| 2 |
BAAM
Baker Avenue Asset Management
San Francisco,
California
|
-$4.89M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$4.75M |
| 4 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$3.29M |
| 5 |
BI
Bramshill Investments
Naples,
Florida
|
-$2.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACA
126
Ackerman Capital Advisors
Dallas,
Texas
| – | -$497K | -29,958 | Closed |
|
127
Walleye Capital
New York
| – | -$332K | -19,989 | Closed |
|
|
SW
128
SVB Wealth
Boston,
Massachusetts
| – | -$235K | -14,150 | Closed |
|
|
VF
129
Virtu Financial
New York
| – | -$215K | -12,951 | Closed |
|
|
TIM
130
Triad Investment Management
Newport Beach,
California
| – | -$200K | -12,035 | Closed |
|
131
Rockefeller Capital Management
New York
| – | -$177K | -10,681 | Closed |
|
|
BG
132
Benedetti & Gucer
Atlanta,
Georgia
| – | -$177K | -10,645 | Closed |
|
|
FCA
133
FinTrust Capital Advisors
Greenville,
South Carolina
| – | -$42.1K | -2,500 | Closed |
|
|
WT
134
Whittier Trust
South Pasadena,
California
| – | -$16.7K | -1,006 | Closed |
|
|
BLC
135
Brown, Lisle/Cummings
Providence,
Rhode Island
| – | -$16.6K | -1,000 | Closed |
|
|
PIAS
136
PCA Investment Advisory Services
Cincinnati,
Ohio
| – | -$2.99K | -180 | Closed |
|
137
BlackRock
New York
| – | -$12 | -1 | Closed |
|
BBN Hedge Fund Activity: Q3 2023 in Review
122 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q3 2023, worth a combined $285M — up 2.6% from $278M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BBN and 12 opened new positions — a net loss of 2 holders — while 36 trimmed existing stakes and 43 added.
The largest buyer was Sit Investment Associates, adding an estimated $22.5M. The largest seller was UBS Group, cutting an estimated $5.3M.
- 122 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q3 2023, down from 125 in Q2 2023.
- Funds reported $285M of BlackRock Taxable Municipal Bond Trust stock for Q3 2023, up 2.6% quarter-over-quarter.
- 12 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q3 2023 and 14 closed out, a net change of -2 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q3 2023 was Sit Investment Associates, an estimated $22.5M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q3 2023 was UBS Group, an estimated $5.3M sold.
Based on aggregated 13F filings for Q3 2023.